KYIV, Dec 4 – The banking system of Ukraine has stabilized and the National Bank of Ukraine (NBU) does not expect the failure of large banks in coming years, Director of the financial stability department at the NBU Vitaliy Vavryschuk said.

"In coming years we do not expect any serious shocks and serious bankruptcy cases. The situation has stabilized," he said at the Fitch Ratings Conference in Kyiv last week.